GTA Industrial Market Report Q2 2019

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research article

The e-commerce sector is thriving. Major retailers have been upping the ante to fulfill customers’ expectations, as some are, shifting towards same-day delivery option as the new norm. 

  • Better serving the last mile has spurred on major investments from the likes of Purolator, who have announced the construction of a $330 million, 430,000 SF national "super hub" in Central GTA.
  • Availability rate has been at historically low levels over the past year. While the rate of decline has shown signs of levelling off this quarter, tenants are still considering making lower quality space fit their existing requirements.
  • New supply expected this quarter (around 1.2 million SF) was pushed out to the second half of the year. This has resulted in 90,710 SF of net absorption in Q2 2019.

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GTA Industrial Market Report Q2 2019

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Leo Lee

Regional Director - Research Eastern Canada

Toronto West

Leo is the Regional Director of Research for Eastern Canada and oversees the delivery of Colliers research reports and consultancy services. He plays a key role in the senior leadership and operation of the research business in Canada.  

He joined Colliers International in 2008, most recently as the Research Manager in New Zealand. He draws on his professional experience as a commercial appraiser and real estate consultant to provide valuable market insights and strategic advice for clients and professionals across the Colliers service lines.    

He is committed to addressing the needs of clients who are making real estate decisions by providing business intelligence solutions through leveraging the use of data and technology using Colliers’ platforms.

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Max Shapinko

Research Analyst

Toronto North

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